Save Article

Lipper's Managerial Character
Makes Steep Loss Seem Unlikely

By

Ken Brown Staff Reporter of The Wall Street Journal

Updated Feb. 25, 2002 12:11 a.m. ET

Kenneth Lipper's name appears more often in the gossip columns of New York's tabloids than it does on the business pages. He has won an Oscar for a collaboration with Steven Spielberg, is friendly with Robert De Niro and Harvey Keitel, and once held a top job in City Hall.

But these days it is Mr. Lipper's role as money manager that is making headlines.

Mr. Lipper's firm, Lipper & Co., is being examined by the Securities...